Share Market Soars Above 3000 Points: A Look at the Latest Stock Market News
The Nepali share market is buzzing! After a year-long wait, the NEPSE index has finally breached the 3000-point mark. Investing in Nepal has seen a boost as stock market trends indicate positive growth. On Tuesday, the Nepal Stock Exchange (NEPSE) surged by 30.76 points, closing at 3002.97. This marks a significant milestone, as the last time the share market closed above 3000 was on July 16, 2023, when it reached 3038.34. This surge has reignited hope for share market investors.
Stock market analysis indicates a robust trading day. Tuesday’s trading volume reached a substantial 18.52 billion rupees. While this is slightly less than Monday’s 19.36 billion rupees, it still signifies healthy market activity. On Monday, 44.12 million shares were traded across 321 companies. Tuesday saw the trading of 41.8 million shares across the same number of companies. The total market capitalization reached an impressive 50.09 billion rupees. This is good news for those looking to buy shares and invest in the stock market.
The stock market performance on Tuesday showed a mixed bag of sectoral activity. While ten groups experienced gains, three sectors faced declines. This reflects the dynamic nature of the stock market in Nepal.
Top stock picks and the most actively traded companies included Himalayan Distillery Limited, Green Ventures, Nepal Reinsurance Company, Himalayan Reinsurance, and Radhi Bidyut Company. Himalayan Distillery Limited led the pack with transactions worth 644.1 million rupees, followed by Green Ventures with 638.2 million rupees. The Nepal Reinsurance Company saw transactions of 569.2 million rupees, while Himalayan Reinsurance and Radhi Bidyut Company recorded trades worth 527.7 million and 497.7 million rupees, respectively. These figures reflect which stocks to watch and offer insight into the best investment options within the current share market scenario.
This positive movement in the Nepalese share market offers a promising outlook for stock market trading.
